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Triex Minerals Corporation: Land Acquisition Agreement for Athabasca Basin Property 10/14/04 VANCOUVER, BRITISH COLUMBIA, Oct 14, 2004 (CCNMatthews via COMTEX) -- Triex Minerals Corporation (TXM-TSX.V) (the "Company") is pleased to announce that the Company has entered into an Agreement with Roughrider Uranium Corp. (a private British Columbia corporation) to acquire a 51% interest in approxim ately 220,000 acres in the Athabasca Basin in Northeast Alberta. The Old Fort Bay Property, consisting of 11 contiguous exploration permits, lies immediately south of Lake Athabasca and is centred approximately 50 kilometers northwest of the Cluff Lake uranium deposit (previously mined by COGEMA - 63 million lbs U3O8 with a grade of 0.5% U3O8) and 50 kilometers northeast of the Maybelle River uranium prospect of COGEMA Resources Inc. which has reported 21% U3O8 over 5 metres. Previous drilling on the Old Fort Bay Property (referred to as Holes 3 and 4 by W.E. Nelson of the Alberta Research Council-Quartz Mineral Open File 22-W-AF-150, 1978) indicated uranium values up to 292 ppm, gold values up to 0.08 oz/ton with enrichment in Ni, Co, Zn and Ag from these two drill holes. L.P. Tremblay in "Geology of Uranium deposits related to the Sub-Athabasca Unconformity, Saskatchewan, Geological Survey of Canada paper 81-20, 1982 stated "This similarity between geochemical halos around deposits in Saskatchewan and the alteration in Hole 4 suggests that Hole 4 may have been drilled into the halo around an ore deposit." In order to earn the 51% interest, Triex is required to complete a 3,000 line-kilometre MEGATEM airborne survey of the Old Fort Bay Property within 12 months of the date of the Agreement. The survey will be conducted by Fugro Airborne Surveys and is scheduled to commence immediately. MEGATEM, mounted on a Dash 7 aircraft, is the most powerful airborne EM system in the world and has mapped graphite conductors, commonly associated with unconformity-type uranium deposits such as those that characterize deposits in the Athabasca Basin, down to one kilometre. Following completion of the airborne survey, a ground geophysical exploration program will be carried out. In addition to the Old Fort Bay Property acquisition, Triex and Roughrider have jointly acquired a 50% interest in 11,000 acres situated in the Maybelle River area with Strathmore Minerals Corp. This property adjoins the southern boundary of the Old Fort Bay Property. NOTE: The categories of mineralization used in Nelson's Open File and Tremblay's report are not those prescribed by the Canadian Institute of Mining, Metallurgy and Petroleum and stipulated in National Instrument 43-101 as they are historic estimates and they should therefore not be relied upon. Neither report was prepared for the Company, and therefore the Company cannot comment on the reliability of the report or estimates contained in them. The Company has not undertaken an independent investigation of the resource estimates or independently analysed the results of the drilling work conducted by Nelson in order to verify the classification of the resource. To date, these estimates are the only estimates on the Old Fort Bay Property and the Company therefore believes it may be relevant to future exploration on the property. Any estimates of resources are preliminary in nature and may be too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the preliminary assessment will be realized. The Company is not treating the resource estimates as National Instrument 43-101 defined resources verified by a qualified person. The acquisition is subject to receipt of all necessary regulatory approvals, including acceptance by the TSX Venture Exchange, if required. Triex Minerals Corporation is a mineral exploration company. In addition to the Old Fort Bay Property, Triex has a 50% interest in the Mountain Lake uranium deposit (see news release dated August 4, 2004) in Nunavut. The Company intends to continue to evaluate other uranium properties for acquisition and exploration. TRIEX MINERALS CORPORATION Robert F. Weicker, Director Triex Minerals Corporation Robert F. Weicker Director [phone] [phone] (FAX) NEWS RELEASE TRANSMITTED BY CCNMatthews The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. Copyright (C) 2004, CCNMatthews. All rights reserved.